All News articles – Page 11
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Lloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab has revealed its seventh cohort today (6 August), 11 insurtech startups will be joining the innovation accelerator programme.
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Insurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
The insurance industry has backed the UK government’s move to boost the live events sector with a £750m reinsurance scheme following Covid-19 lockdown restrictions lifting.
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Allianz Holdings GWP dips across all business areas in 2021’s H1
Insurer Allianz Holdings has reported a decline in gross written premium (GWP) across all areas of its business for the first half of 2021, due to the continuing impact of the Covid-19 pandemic, competitive market conditions and portfolio run-offs.
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RSA reports loss for first half of 2021
Insurer RSA has recorded a £269m loss after tax for the first half of 2021 across its continuing operations in the UK, Ireland, Europe and the Middle East, as reported within its half year financial results published yesterday (4 August 2021).
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Bank of England confirms stress test to examine insurers’ cyber and climate risk resilience
The Bank of England declared yesterday (4 August 2021) that it will be stress testing the resilience of insurers against cyber attacks on policyholders and payouts for climate change induced natural disasters.
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Ed announces integration of Ki’s algorithmic underwriting with TradEd
TradEd’s data capturing capabilities puts Ed in the ideal position of being able to take full advantage of Ki’s digital and algorithmically-driven platform
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Reinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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Hiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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Swiss Re posts strong profit of USD 1.0 billion in first half 2021
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are very pleased with the improved profitability achieved by the Group in the first half of this year.
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More funding for flood risks insurer
HSCM Bermuda is among the latest investors in an American flood specialist insurance company.
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SCOR records a strong growth with gross premiums up 9.1%2, strong profitability with a net income of EUR 380 million - H1
The underlying performance of the business continues to be strong, reflecting the successful recent P&C renewals in 2020 and 2021, on the back of a disciplined (re)insurance market environment, with attractive growth prospects.
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Protestor throws green paint at Lloyd’s building to ‘highlight shameless greenwashing’
Yesterday morning (28 July 2021), an activist from climate change action network Insurance Rebellion was arrested after throwing a bucket of green paint over the Lloyd’s of London building at 1 Lime Street.
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Regulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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Briefing: London market is still wrestling with its future as Freedom Day arrives
London market brokers query hybrid working models, while syndicates ponder whether Lloyd’s blueprint investment will pay off
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Lloyd’s of London hires ex-cabinet secretary Sedwill in council role
Lloyd’s of London has hired Mark Sedwill, Baron Sedwill of Sherborne, as its senior independent director and deputy chair of Lloyd’s Council.
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Bought By Many scoops ex-Spotify lead as new chief product officer
Bought By Many has hired former Spotify design lead Lidia Oshlyansky as its new chief product officer.
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Ardonagh Group creates new European business
The Ardonagh Group has announced the creation of Ardonagh Europe as it prepares to expand its buy and build model.
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CDL reports £52.7m turnover for 2020
Insurtech CDL has reported a £52.7m turnover for the 12-month period ending 30 September 2020, as well as £11.5m in pre-tax profits.
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Global commercial insurance prices increased by 15% in Q2 – Marsh
Global commercial insurance prices increased by 15% in Q2 2021, according to the Global Insurance Market Index released today (27 July 2021) by Marsh.